Second Reading Speeches

Treasury Laws Amendment (Australian Consumer Law Review) Bill 2018

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Implements certain recommendations of the Australian Consumer Law Review Final Report by amending the:

Competition and Consumer Act 2010
to: amend evidentiary requirements to allow private litigants to rely on admitted facts from earlier proceedings; clarify the operation of unsolicited services provisions and unsolicited consumer agreements in a public place; ensure that fees or charges associated with pre-selected options must be included in the single price; strengthen the Australian Competition and Consumer Commission’s (ACCC) powers to obtain information about product safety; enable third parties to give effect to a community service order; and clarify the scope of the exemption from the consumer guarantees for the transport or storage of goods;
Australian Securities and Investments Commission Act 2001
and
Competition and Consumer Act 2010
to: extend the unconscionable conduct protections to publicly listed companies; and enable the ACCC and the Australian Securities and Investments Commission (ASIC) to investigate possible unfair contract terms; and
Australian Securities and Investments Commission Act 2001
to: correct inconsistent terminology for financial products that involve interests in land; and clarify the application of consumer protections to financial products.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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